4470 24th Ave S #402FargoND58103
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Total monthly income runs $882/mo, and a $2,236/mo payment. Purchase price stands at $456,780, and rental yield measures 2.32% with $882/mo rent. Return on cash invested shows 4.87% in year one, and 5% annual appreciation builds toward $126,200 over five years. Five-year ROI reaches 22.04% and total cumulative return in cash records $33,370. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $882/mo property income covering a $2,236/mo payment rather than investor’s personal income.
Condo
Built in 2024
1.95 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 58103, Fargo, ND area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 25,913 (100%) |
| Owner Occupied HU | 9,697 (37.4%) |
| Renter Occupied HU | 14,163 (54.7%) |
| Vacant Housing Units | 2,053 ( 7.9%) |
| Median Home Value | $259,272 |
| Average Home Value | $322,801 |
Housing Distribution
Address Breakdown
Residential
23,421
Single Family
10,596
Multi-Family
12,825
Businesses
2,042
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Listed by: Ericka Schott-Juelson • eXp Realty (3523 FGO)
Mls Name: FMARMLS
Mls Provider:
Mls ID: #6582320
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. The listing brokers offer of compensation is made only to participants of the MLS where the listing is filed.